Arthur Hayes recently stated that the Merge represents an opportunity for traders to make gains for free. Why such a statement? The BitMEX co-founder detailed how investors could make a lot of money after the transition from Ethereum (ETH).
According to Arthur Hayes, co-founder of BitMEX, a forked Ethereum token could be successful, but not in the long term. Hayes explained that Ethereum’s new post-Merge token is likely not to be well adopted. He stated : “The reason Ethereum is valuable is that people use it, right? And the majority of people who use Ethereum are not very tech savvy. “.
Hayes explained that most people would not be able to choose between ETH Proof-of-Work and ETH Proof-of-Stake. And this is due to the fact that they do not know what these expressions mean. In fact, they wantjust go to MetaMask and go to Uniswap to buycryptocurrencies. »
For the co-founder of BitMEX, Merge will not be supported by some of the major Ethereum services used by the average consumer. The latter will therefore have no users. At the same time, Ethereum (ETH) will launch a new token after the merger. ETH holders will be able to receive this token in a number equal to the amount of ether they own.
And it is precisely at this level that there may be a trading opportunity to be seized. Indeed, Hayes believes that few people will want to trade this new token. Those who will use it to trade like him will have more income.
According to BitMEX co-founder Arthur Hayes, traders will easily be able to earn revenue from the ETH token that will be launched after the Ethereum merger. He said: “Cis free money.»
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Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.